Business News
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NNPCL advances talks with South Korean Consortium for Gas Projects in Nigeria
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced discussions with a South Korean consortium led by Daewoo E…
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NASD Unlisted Security Index Rises 0.15%
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed the opening session of the new week in positive territory…
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Naira depreciation threatens 2023 dividends for companies with foreign liabilities- Operators
Some capital market operators have cautioned that quoted companies burdened with foreign liabilities or heavily dependent on imported inputs could…
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What You Need to Know About Navigating Contract Challenges in 2024
By Kehinde Ogundare There is absolutely no doubt that collaboration is crucial to business success in today’s world. That applies…
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Ecobank Offers SuperSavers Account Holders 9% Interest Rate
By Modupe Gbadeyanka Holders of Ecobank SuperSavers accounts will enjoy an interest rate of 9 per cent, the financial institution…
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Relocated CBN Staff to Resume in Lagos Office February 2
By Adedapo Adesanya The redeployed staff of the Central Bank of Nigeria (CBN), estimated at 1,533 or 36.22 per cent,…
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NGX RegCo Stops Investors from Trading GSK Stocks
By Aduragbemi Omiyale Trading in the shares of GlaxoSmithKline (GSK) Consumer Nigeria Plc on the floor of the Nigerian Exchange…
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Sony Invests in Carry1st to Boost Growth in African Gaming Market
By Adedapo Adesanya The Japanese consumer electronics and gaming giant, Sony, has invested an undisclosed sum into South African startup,…
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FG Commits to Transparency in Oil, Gas, Other Extractive Industries
By Adedapo Adesanya The federal government has reaffirmed its commitment to deepen implementation of the Extractive Industries Transparency Initiative (EITI)…
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CBN Devalues Naira Amid FX Supply Woes?
By Adedapo Adesanya There has purportedly been a fresh round devaluation of the Naira by the Central Bank of Nigeria…
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Gas Projects: NNPC Woos South Korean Investors
By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited has held talks with a South Korean consortium led by…
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CBN Warns Forex Dealers Against Sharp Practices
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has warned authorized dealers against sharp practices in the foreign exchange…
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Naira falls to record low of N1,482.57/$1 at the official market
Naira continued its free fall on Tuesday, sinking to a record low of N1,482.57 per dollar following strong demand on the…
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FG announces elimination of river blindness in Plateau and Nasarawa states
The Federal Government through the Ministry of Health (FMOH) has announced the elimination of River blindness in Plateau and Nasarawa…
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UPS to cut 12,000 jobs to save $1 billion as revenue outlook falls
UPS has announced plans to streamline its workforce by eliminating 12,000 jobs, aiming to achieve significant cost savings totaling $1…
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Lekki Gardens maintains BBB+ Rating
The Global Credit Rating (GCR) recently affirmed Lekki Gardens national scale long-term and short-term issuer ratings of BBB+ and A2…
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FG grants 499 licences for buying, selling of solid minerals in Nigeria
The Federal Government, through the Ministry of Solid Minerals Development, has approved about 499 licences for the buying and selling…
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MTN Group commits $251 million to infrastructure in Benin
Telecommunications group, MTN, has announced plans to invest $215 million in telecom infrastructure in the Republic of Benin over the…
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IMF downgrades Nigeria’s economic growth projection for 2024
The International Monetary Fund (IMF) has slashed its forecast for Nigeria’s economic growth for 2024 from 3.1% declared in October…
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Massive selloffs trigger NGX’s first bearish performance in 20 days
For the first time since January 10, 2024, the NGX has closed in the bearish zone as the All-Share Index…
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